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Of course there are edges in the market.. I could prove it,but ild rather stick sharp needles in my eyes than lead you from the path of darkness

Stock is down 94 percent the last 5 years.Traded at 10 and change, last sale .76... Zacks rank is garbage Call up their money management arm and askw what their actual returns were

You sure it wasn't CLSK,MARA and GME thst messed up your buying power? :)

They exist as much as EW does.If you can draw/label it,it exists.The question is can the brewmaster generate $ from their chosen brand of voodoo

2 words for you NET WORTH Money talks,bullshit walks,and you talk ALOT

It was a .50 wide vert??? Any idea where the 19.5-20 Call spread traded when the stock traded at the high?? Nice trade!

He bragged in another spread he didnt close the position out when the stock rallied to 19.37 and the vert was trading at close to 30 cents BITO sold off and closed at 19.04.. Hopefully numnuts wsnt caught holding the bag

There is no doubt to the effectiveness of EW..Your average drawdown on the other 3 positions is somewhere around 40 percent.. Hit ratio of 25% with a negatively skewed risk reward. Lets hope BITO closes strong

Here is all I need to know.When I worked at an investment bank, we covered Paul Tudor Jones,who is one of the best traders in the world. He is an Elliot Waver.... He is also incredibly disciplined and "risk adverse".He's a great trader first and foremost. Almost every Elliot Waver I have...

Not a day trader,but I have done various backtesting utilizing time stops...you should too :)

Welcome aboard..... From the 2 second intro,it appears your focus has been on offense,without much consideration for defense... Elliot wave is a theory or a framework to work within. It's highly subjective,and almost a religion to its followers. I didn't hear anything about risk control or...

Long Verticals?? I thought you were 100% in cash raking it in on the phantom short..which is now delta long via Verts?? A mind is a terrible thing to waste

No doubt he has some cognitive disabilities .. Simple Math is always off,and his reasoning is challenged..

Phantom short my ass.. No such thing.. Slap on a risk reversal Learn how to trade

I hope you realise this way of thinking will kill your chances of ever becoming a successful trader. I know alot of what you say is in jest, but being right and not making money is far worse than being wrong and losing.. You appear to have some terrible habits/flaws....which I had as well

How does one sell an option and risk purchasing shares above the "market"??? Are you suggesting one sells ITM puts at a discount to parity?? How does one sell an option and sell shares below "market value"??? Discount to parity on the call??

This thread should be a cautionary tale for newbs who boast of their EW vodoo, while laughing at those who use stops and believe in option pricing models.. WXY has been caught going long in extended C waves, having drawdowns of 30 to 60 percent in almost every stock that reached his Fib...

6 buck?? not a bad day at the office

I'm guessing you are trading off daily bars,and you get a buy signal off the closing price.Next day,stock opens down x percent,halfway between original "signal price" and stop. If you are thorough in your research and have run simulations,I'm fairly confident you had several trades similar to...

Nice troll...I mean try...